Binance to Delist Perpetual Protocol on November 12
Date: 2025-10-31 Author: Gabriel Deangelo Categories: BUSINESS
The exchange announced that the delisting of these assets will take place on November 12, 2025. After this date, trading pairs for these tokens will be completely removed from the platform. This decision is part of a regular review of Binance's supported asset list. Details can be found in PERP's official tweet.
Perpetual Protocol is a decentralized exchange that allows trading perpetual contracts on various assets with up to 10x leverage. The platform is built on two key mechanisms: a virtual automated market maker (vAMM) and a staking system.
vAMM allows for liquidity management without relying on traditional pools. Instead of direct user deposits, the mechanism uses virtual balances to regulate trading parameters. This ensures constant liquidity, minimizes the risk of insufficient funds, and reduces the likelihood of sharp price fluctuations.
Staking is another important element of the protocol. Users can lock PERP tokens to receive a portion of the trading fees on the platform. This not only incentivizes active participation in the ecosystem but also supports the stability of the exchange.
PERP, the project's native token, serves several functions: governance, staking, and ensuring the platform's stability. It plays a key role in the functioning of the Perpetual Protocol and is the primary tool for interaction within the ecosystem.
The delisting on Binance reflects the exchange's strategy to regularly evaluate and update its list of supported assets to improve the quality of its trading offerings and user security. Users holding positions in PERP, FLM, or KDA must complete their transactions before the specified date to avoid withdrawal restrictions following the delisting.
Overall, Perpetual Protocol remains an interesting project in decentralized finance, offering innovative solutions for trading perpetual contracts and active community engagement through staking and token management. Despite its removal from Binance, the platform continues to develop and support users on other trading platforms.
For up-to-date information and instructions on closing positions, it is recommended to follow Perpetual Protocol's official channels.
